I had the same problem when I was building mine. It turns out that there was a short on the solder side of the board. Two connections were very close together and a bit of component lead was causing the short. If you check around T4 and D3, that's a good place to start looking. I found the problem with the help of an audio probe. There should be a good signal going into the Octave Down section at point "A". And the output of that section would be around R14 and C16.